FBR Capital Maintains an 'Outperform' on LSI Corporation (LSI); Checks Suggest New Design Wins Starting to Ramp
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Price: $133.10 --0%
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital maintains an 'Outperform' on LSI Corporation (NYSE: LSI), PT increased from $8 to $9.
FBR analyst says, "Recent checks suggest LSI is having at least a decent 2Q11 despite PC sluggishness, and that 3Q11 should grow sequentially. Further, recent production start checks from Taiwan seem to offer the first confirming independent data point (other than management's messaging) that LSI is poised for some structural growth in 2H11 and 2012 as new storage and networking design wins begin ramping. For 2Q11, we think LSI guided hard drive units conservatively, and that hard drive unit shipments will grow sequentially in 3Q11 on muted seasonal PC growth, as Seagate seems to be gaining some slight share in the market (LSI's largest customer), and as LSI ramps enterprise drives at Seagate further."
For more ratings news on LSI Corporation click here and for the rating history of LSI Corporation click here.
Shares of LSI Corporation closed at $6.80 yesterday.
FBR analyst says, "Recent checks suggest LSI is having at least a decent 2Q11 despite PC sluggishness, and that 3Q11 should grow sequentially. Further, recent production start checks from Taiwan seem to offer the first confirming independent data point (other than management's messaging) that LSI is poised for some structural growth in 2H11 and 2012 as new storage and networking design wins begin ramping. For 2Q11, we think LSI guided hard drive units conservatively, and that hard drive unit shipments will grow sequentially in 3Q11 on muted seasonal PC growth, as Seagate seems to be gaining some slight share in the market (LSI's largest customer), and as LSI ramps enterprise drives at Seagate further."
For more ratings news on LSI Corporation click here and for the rating history of LSI Corporation click here.
Shares of LSI Corporation closed at $6.80 yesterday.
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